Eledon Pharmaceuticals (ELDN, $3.06) price may drop as it broke higher Bollinger Band on Jul 02, 2025

#Biotechnology, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap
ELDN - Eledon Pharmaceuticals
Bollinger signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $3.06
Daily change: +$0.27 (+9.68%)
Daily volume: 509.8K
Industry: Biotechnology

This price move could be a signal that ELDN may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 35 similar cases where ELDN's price broke its higher Bollinger Band, and 34 of them led to a successful outcome. Odds of Success: 90%.